Wedbush Has Bearish Outlook for Hope Bancorp FY2025 Earnings

Hope Bancorp, Inc. (NASDAQ:HOPE) – Stock analysts at Wedbush reduced their FY2025 EPS estimates for Hope Bancorp in a research note issued on Monday, October 28th. Wedbush analyst D. Chiaverini now anticipates that the financial services provider will post earnings per share of $1.10 for the year, down from their previous forecast of $1.35. The consensus estimate for Hope Bancorp’s current full-year earnings is $0.87 per share.

Other equities analysts have also recently issued research reports about the company. Keefe, Bruyette & Woods raised their price target on Hope Bancorp from $12.00 to $14.00 and gave the company a “market perform” rating in a report on Tuesday, July 30th. StockNews.com cut shares of Hope Bancorp from a “hold” rating to a “sell” rating in a research report on Tuesday.

Hope Bancorp Trading Down 1.0 %

Shares of Hope Bancorp stock opened at $12.39 on Thursday. The company has a quick ratio of 0.95, a current ratio of 0.96 and a debt-to-equity ratio of 0.13. The firm has a market cap of $1.50 billion, a price-to-earnings ratio of 14.75 and a beta of 1.13. Hope Bancorp has a twelve month low of $8.51 and a twelve month high of $13.59. The business has a 50-day moving average price of $12.58 and a 200-day moving average price of $11.60.

Hope Bancorp (NASDAQ:HOPE) last announced its quarterly earnings results on Monday, October 28th. The financial services provider reported $0.21 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.01). The company had revenue of $246.92 million during the quarter, compared to the consensus estimate of $121.67 million. Hope Bancorp had a net margin of 10.02% and a return on equity of 5.85%. During the same quarter in the prior year, the firm posted $0.25 earnings per share.

Hope Bancorp Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, November 21st. Shareholders of record on Thursday, November 7th will be paid a dividend of $0.14 per share. The ex-dividend date of this dividend is Thursday, November 7th. This represents a $0.56 annualized dividend and a yield of 4.52%. Hope Bancorp’s payout ratio is currently 66.67%.

Insider Activity

In other news, Director Jinho Doo sold 10,703 shares of the business’s stock in a transaction that occurred on Monday, August 19th. The stock was sold at an average price of $12.40, for a total transaction of $132,717.20. Following the transaction, the director now owns 21,538 shares of the company’s stock, valued at approximately $267,071.20. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, Director Jinho Doo sold 10,703 shares of Hope Bancorp stock in a transaction dated Monday, August 19th. The shares were sold at an average price of $12.40, for a total transaction of $132,717.20. Following the completion of the transaction, the director now directly owns 21,538 shares of the company’s stock, valued at approximately $267,071.20. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director David P. Malone sold 10,428 shares of the stock in a transaction dated Thursday, August 29th. The stock was sold at an average price of $12.71, for a total transaction of $132,539.88. Following the completion of the sale, the director now directly owns 109,991 shares in the company, valued at $1,397,985.61. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 25,831 shares of company stock valued at $323,657 in the last ninety days. Insiders own 5.29% of the company’s stock.

Hedge Funds Weigh In On Hope Bancorp

Hedge funds have recently bought and sold shares of the business. nVerses Capital LLC bought a new stake in shares of Hope Bancorp during the third quarter worth $48,000. SageView Advisory Group LLC purchased a new position in Hope Bancorp in the 1st quarter worth about $49,000. Fifth Third Bancorp lifted its holdings in Hope Bancorp by 149.5% during the 2nd quarter. Fifth Third Bancorp now owns 5,279 shares of the financial services provider’s stock valued at $57,000 after buying an additional 3,163 shares in the last quarter. CWM LLC boosted its position in Hope Bancorp by 15.7% in the 3rd quarter. CWM LLC now owns 9,109 shares of the financial services provider’s stock valued at $114,000 after buying an additional 1,238 shares during the period. Finally, Choreo LLC bought a new position in Hope Bancorp in the 2nd quarter worth about $108,000. Institutional investors own 84.00% of the company’s stock.

Hope Bancorp Company Profile

Hope Bancorp, Inc operates as the bank holding company for Bank of Hope that provides retail and commercial banking services for businesses and individuals in the United States. It accepts personal and business checking, money market, savings, time deposit, and individual retirement accounts. The company also offers loans comprising commercial and industrial loans to businesses for various purposes, such as working capital, purchasing inventory, debt refinancing, business acquisitions, international trade finance, other business-related financing, and loans syndication services; commercial real estate loans; residential mortgage loans; small business administration loans; and consumer loans, such as single-family mortgage, home equity, automobile, credit card, and personal loans.